Where Next For Uk Savings Interest Rates?

Wednesday's Daily Mail reported fixed bonds interest rates had fallen at Saga and some others, and this article seems to suggest rates will not rise much or at all due to the low base rate set by the central bank, the BofE and Mervyn King and his gang

It's grim grim grim and inflation is still high, just climbing at a slower rate (officially). With petrol at a record price, we're being shafted

Just got a nationwide eBond to renew, the interest rate for 12 months has dropped from 3% to 2.7%. Grim indeed. This despite them hiking mortgage rates. It is enough to make you buy a BTL, or a Porche.

Just got a nationwide eBond to renew, the interest rate for 12 months has dropped from 3% to 2.7%. Grim indeed. This despite them hiking mortgage rates. It is enough to make you buy a BTL, or a Porche.

Yes, the excitement on HPC a few weeks ago when the SVR loans went up was premature, as I feared it would be

Going to need another trigger - King has recently told the banks to raise capital IIRC, we'll see if this makes them increase IRs to savers. So far, all I see are drops, even Santander dropped their newest issue Esaver rate

Yes, the excitement on HPC a few weeks ago when the SVR loans went up was premature, as I feared it would be

To use the kind of language used by journalists Nationwide have decreased savings rates by a whopping 10%. For every pound of interest you earned last year, you'll only get 90 pence in your pocket today.